The account balances for a company are listed below. All balances are as of December 31,...
Homework Answers
Income statement
| Service revenue | 45300 |
| Cost of goods sold | -24600 |
| Depreciation | -1350 |
| Supplies expense | -400 |
| Rent expense | -1700 |
| Sales revenue | 53600 |
| Salary expense | -22000 |
| Utilities expense | -5400 |
| Net income | 43450 |
Calculate common Stock
| Prepaid insurance | 500 | Unearned revenue | 4500 |
| Cash | 16600 | Notes payable | 1000 |
| Accumulated Dep | -7000 | Account payable | 7200 |
| Account receivable | 8400 | Notes payable | 10900 |
| Supplies | 3000 | Retained earnings (10650+43450-2000) | 52100 |
| Goodwill | 10000 | Salaries payable | 1600 |
| Marketable security | 9500 | Common Stock | 52700 |
| Equipment | 75000 | ||
| Furniture | 14000 | ||
| Total assets | 130000 | Total liabilities and Stockholder's equity | 130000 |
So answer is d) $52700
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The account balances for a company are listed below. All balances are as of December 31,...
The account balances for a company are listed below. All balances are as of December...
The account balances for a company are listed below. All balances are as of December 31, 2019, except where noted otherwise.
Determine Total Assets as of December 31, 2019:
Determine Total Current Liabilities as of December 31, 2019:
Determine Net Income for the year 2019:
Determine the Common Stock balance as of December 31, 2019:
The account balances for a company are listed below. All balances are as of Dec. 31,...
The account balances for a company are listed below. All balances are as of Dec. 31, 2017, except where noted otherwise Accounts Payable $7,200 Rent Expense $2,100 Accounts Receivable 8,400 Equipment 74,500 Salaries Payable 5,600 Furniture 16,600 Notes Payable (due 12/31/19) 20,900 Depreciation Expense 4,000 Dividends 3,000 Accumulated Depreciation 10,000 Sales Revenue 139,500 Cash 14,000 Notes Payable (due 4/30/18) 2,500 Common Stock ??? Cost of Goods Sold 60,900 Trademark 8,000 Loss of Sale of Equipment 4,500 Retained Earnings (1/1/17)...
The account balances for a company are listed below. All balances are as of Dec. 31....
The account balances for a company are listed below. All balances are as of Dec. 31. 2017, except where noted otherwise Accounts Payable Accounts Receivable Salaries Payable Notes Payable (due 12/31/19) Dividends Sales Revenue Notes Payable (due 4/30/18) Cost of Goods Sold Loss of Sale of Equipment Inventory Interest Expense Salary Expense Unearned Revenue $7,200 8,400 5,600 20,900 3,000 139,500 2,500 60,900 4,500 19,800 9,750 30,450 3,800 Rent Expense Equipment Furniture Depreciation Expense Accumulated Depreciation Cash Common Stock Trademark Retained...
The account balances for a company are listed below. All balances are as of December 31, 2011, except where noted otherwise
The account balances for a company are listed below. All balances are as of December 31, 2011, except where noted otherwise Accounts Payable$7,200Rent Expense$3,000Accounts Receivable8,400Equipment74,500Wages Payable3,400Furniture16,600Prepaid Expenses500Notes Payable (due 12/31/13)40,900Dividends2,000Accumulated Depreciation8,000Sales Revenue99,850Cash14,000Notes Payable (due 4/30/12)1,000Common Stock20,000Cost of Goods Sold48,800Goodwill10,000Loss on Sale of Equipment5,500Retained Earnings (1/1/11)16,150Inventory9,500Marketable Equity Securities300Advertising Expense2,500Depreciation Expense1,100Insurance Expense2,000Unearned Revenue2,200Determine Income from Operations for 2011:
The account balances for a company are listed below. All balances are as of Dec 31,...
The account balances for a company are listed below. All balances are as of Dec 31, 2017, except where noted otherwise Accounts Payable Accounts Receivable Salaries Payable Notes Payable (due 12/31/19) Dividends Sales Revenue Notes Payable (due 4/30/18) Cost of Goods Sold Loss of Sale of Equipment Inventory Interest Expense Salary Expense Unearned Revenue $7,200 8,400 5,600 20,900 3,000 139,500 2,500 60,900 4,500 19,800 9,750 30,450 3,800 Rent Expense Equipment Furniture Depreciation Expense Accumulated Depreciation Cash Common Stock Trademark Retained...
The account balances for a company are listed below. All balances are as of Dec 31,...
The account balances for a company are listed below. All balances are as of Dec 31, 2017, except where noted otherwise Accounts Payable Accounts Receivable Salaries Payable Notes Payable (due 12/31/19) Dividends Sales Revenue Notes Payable (due 4/30/18) Cost of Goods Sold Loss of Sale of Equipment Inventory Interest Expense Salary Expense Unearned Revenue $7,200 8,400 5,600 20,900 3,000 139,500 2,500 60,900 4,500 19,800 9,750 30,450 3,800 Rent Expense Equipment Furniture Depreciation Expense Accumulated Depreciation Cash Common Stock Trademark Retained...
The account balances for a company are listed below. All balances are as of December 31, 2011, except where noted otherwise
The account balances for a company are listed below. All balances are as of December 31, 2011, except where noted otherwise Accounts Payable$7,200Rent Expense$3,000Accounts Receivable8,400Equipment74,500Wages Payable3,400Furniture16,600Prepaid Expenses500Notes Payable (due 12/31/13)40,900Dividends2,000Accumulated Depreciation8,000Sales Revenue99,850Cash14,000Notes Payable (due 4/30/12)1,000Common Stock20,000Cost of Goods Sold48,800Goodwill10,000Loss on Sale of Equipment5,500Retained Earnings (1/1/11)16,150Inventory9,500Marketable Equity Securities300Advertising Expense2,500Depreciation Expense1,100Insurance Expense2,000Unearned Revenue2,200Determine the Ending Retained Earnings for 2011:Group of answer choices$36,950$52,100$51,100$34,950$71,100
The account balances for a company are listed below. All balances are as of Dec. 31,2018,...
The account balances for a company are listed below. All balances are as of Dec. 31,2018, except where noted otherwise Accounts Payable Accounts Receivable Accrued Expenses Prepaid Expenses Dividends Sales Revenue Notes Payable (4/30/19) Cost of Goods Sold Gain on Sale of Equipment Inventory Income Tax Expense Determine the ending retained earnings for 2018 $ 7,200 8,400 5,600 500 2,000 89,500 2,500 40,800 5,500 19,500 9,750 Operating Expenses Equipment Furniture Notes Payable (due 12/31/20) Accumulated Depreciation Cash Common Stock Goodwill...
The account balances for Big Screen Theatre Corporation are listed below. All balances are as of December 31, 2015, except where noted otherwise.
The account balances for Big Screen Theatre Corporation are listed below. All balances are as of December 31, 2015, except where noted otherwise. Accounts Payable$14,500Furniture & Fixtures$30,000Accounts Receivable5,500Notes Payable (due 3/1/18)19,000Accumulated Depreciation10,000Prepaid Expenses22,000Advertising Expense11,200Projection Equipment30,000Buildings68,000Rent Expense – Movies50,600Common Stock??Retained Earnings (1/1/15)73,700Cash15,000Salaries & Wage Expense46,900Concessions Revenue56,200Ticket Sales Revenue94,500Cost of Goods Sold22,800Unearned Revenue2,500Dividends2,000Utility Expense6,000Marketable Equity Securities5,000Trademark3,000Wages Payable1,000Determine Net Income for the year ending December 31, 2015:Group of answer choices$13,200($8,800$36,000$14,000$11,200
Listed below are account balances for Accounts Company for the fiscal year ended December 31, 2019....
Listed below are account balances for Accounts Company for the fiscal year ended December 31, 2019. Long-term investments Notes payable, long-term Prepaid insurance Wages payable Common Stock Equipment Land Interest payable Interest expense Income tax payable Cost of goods sold Cash Accounts payable Buildings Accumulated depreciation Dividends General and administrative expenses Accounts receivable Inventory Notes payable, current portion Selling expenses Trademarks Sales revenue Income tax expense Supplies Retained earnings, Jan. 1, 2019 $26,250 208,500 5,250 13,500 225,000 183,750 26,250 10,500...
The account balances for a company are listed below. All balances are as of December 31, 2019, except where noted otherwise.
Determine Total Assets as of December 31, 2019:
Determine Total Current Liabilities as of December 31, 2019:
Determine Net Income for the year 2019:
Determine the Common Stock balance as of December 31, 2019:
The account balances for a company are listed below. All balances are as of Dec. 31. 2017, except where noted otherwise Accounts Payable Accounts Receivable Salaries Payable Notes Payable (due 12/31/19) Dividends Sales Revenue Notes Payable (due 4/30/18) Cost of Goods Sold Loss of Sale of Equipment Inventory Interest Expense Salary Expense Unearned Revenue $7,200 8,400 5,600 20,900 3,000 139,500 2,500 60,900 4,500 19,800 9,750 30,450 3,800 Rent Expense Equipment Furniture Depreciation Expense Accumulated Depreciation Cash Common Stock Trademark Retained...
The account balances for a company are listed below. All balances are as of Dec 31, 2017, except where noted otherwise Accounts Payable Accounts Receivable Salaries Payable Notes Payable (due 12/31/19) Dividends Sales Revenue Notes Payable (due 4/30/18) Cost of Goods Sold Loss of Sale of Equipment Inventory Interest Expense Salary Expense Unearned Revenue $7,200 8,400 5,600 20,900 3,000 139,500 2,500 60,900 4,500 19,800 9,750 30,450 3,800 Rent Expense Equipment Furniture Depreciation Expense Accumulated Depreciation Cash Common Stock Trademark Retained...
The account balances for a company are listed below. All balances are as of Dec 31, 2017, except where noted otherwise Accounts Payable Accounts Receivable Salaries Payable Notes Payable (due 12/31/19) Dividends Sales Revenue Notes Payable (due 4/30/18) Cost of Goods Sold Loss of Sale of Equipment Inventory Interest Expense Salary Expense Unearned Revenue $7,200 8,400 5,600 20,900 3,000 139,500 2,500 60,900 4,500 19,800 9,750 30,450 3,800 Rent Expense Equipment Furniture Depreciation Expense Accumulated Depreciation Cash Common Stock Trademark Retained...
The account balances for a company are listed below. All balances are as of Dec. 31,2018, except where noted otherwise Accounts Payable Accounts Receivable Accrued Expenses Prepaid Expenses Dividends Sales Revenue Notes Payable (4/30/19) Cost of Goods Sold Gain on Sale of Equipment Inventory Income Tax Expense Determine the ending retained earnings for 2018 $ 7,200 8,400 5,600 500 2,000 89,500 2,500 40,800 5,500 19,500 9,750 Operating Expenses Equipment Furniture Notes Payable (due 12/31/20) Accumulated Depreciation Cash Common Stock Goodwill...
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